John Hancock Tower, 20th Floor | ||||
200 Clarendon Street | ||||
Boston, Massachusetts 02116 | ||||
Tel: +1.617.948.6000 Fax: +1.617.948.6001 | ||||
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FOIA CONFIDENTIAL TREATMENT REQUEST
The entity requesting confidential treatment is:
BIND Therapeutics, Inc. 325 Vassar Street Cambridge, Massachusetts 02139 Attn: Scott Minick, President and Chief Executive Officer | Chicago | Orange County | ||
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August 19, 2013
By EDGAR Transmission and Courier
Securities and Exchange Commission
Division of Corporation Finance
100 F Street, N.E.
Washington, D.C. 20549
Attention: Jeffrey P. Riedler
Re: | BIND Therapeutics, Inc. | Anticipated Price Range |
Registration Statement on Form S-1 (File No. 333-190566)
Ladies and Gentlemen:
Rule 83 Confidential Treatment Requested by BIND Therapeutics, Inc.
This letter is furnished supplementally on behalf of BIND Therapeutics, Inc. (the “Company”) in connection with the review by the Securities and Exchange Commission (the “Commission”) of the above-mentioned Registration Statement on Form S-1 (the “Registration Statement”). To assist the staff (the “Staff”) of the Commission in its review, the Company advises the Staff that it presently estimates, based in part on input recently received from its underwriters, that the public offering price per share for the offering pursuant to the Registration Statement will be between $[***] and $[***] (without giving effect to any stock split that the Company may effect prior to the offering), considering information currently available and current market conditions. For clarity, the Company advises the Staff that, given the volatility of the public trading markets and the uncertainty of the timing of the offering, the Company and the underwriters have not yet finally agreed to a price range for the offering. The Company advises the Staff that the final range to be included in a pre-effective amendment to the Registration Statement will include a price range of no more than $2.00 or 10% of the low end of the range unless otherwise approved by the Staff.
Securities and Exchange Commission
CONFIDENTIAL TREATMENT REQUESTED BY BIND THERAPEUTICS, INC.
Page 2
The Company’s most recent third-party valuation of its common stock was conducted as of June 1, 2013 and estimated the fair value of its common stock to be $3.57 per share on that date. The Company’s most recent grants of stock options were made on June 28, 2013 with an exercise price of $3.57 per share, which the Company determined to be the fair value of its common stock on that date.
The Company respectfully requests that the information contained in this request letter be treated as confidential information and that the Commission provide timely notice to Scott Minick, President and Chief Executive Officer, BIND Therapeutics, Inc., 325 Vassar Street, Cambridge, Massachusetts 02139, telephone (617) 491-3400, before it permits any disclosure of the underlined and highlighted information contained in this request letter.
Please direct any questions or comments regarding this letter or the Registration Statement to the undersigned at (617) 948-6060 or to B. Shayne Kennedy of this firm at (714) 755-8181. Thank you for your assistance.
Sincerely, |
/s/ Peter N. Handrinos |
Peter N. Handrinos of LATHAM & WATKINS LLP |